On February 8, 2022, Kirkland Lake Gold Ltd. and Agnico Eagle Mines Limited completed their “merger of equals” transaction pursuant to a plan of arrangement. Agnico Eagle acquired 100 per cent of Kirkland Lake Gold, with Kirkland shareholders receiving 0.7935 of an Agnico Eagle share for each Kirkland Lake Gold share held immediately prior to closing. The combined company continues as Agnico Eagle Mines Limited and is led by Sean Boyd, as Executive Chair and Ammar Al-Joundi, as President and Chief Executive Officer. On closing, Agnico Eagle had a market capitalization of approximately US$22.4 billion.

The merger establishes Agnico Eagle as a gold mining company with the largest gold production from Canada, and the third-largest gold company in the world. The transaction is one of the largest deals in the Canadian gold sector.

Cassels Brock & Blackwell LLP acted as external counsel for Kirkland Lake Gold with a team that included Jamie Litchen, Jay Goldman, Jeffrey P. Roy, Paul M. Stein, Jonathan Sherman, Jonathan Chandler, Michael Rosenbloom, Shannon Scrocchi, Thea Gaertner, Layla Makhzoumi, Brian P. Dominique, Ann Watterworth, Zahra Nurmohamed, Tera Li Parizeau, Jennifer Wasylyk, Lauren Grossman, Stephanie Voudouris, John M. Picone, Lara Jackson, Caitlin Russell, Arend Hoekstra, Kimberly Dodson, Rebecca Lee, Joel Matson.

Dorsey & Whitney LLP acted as US counsel for Kirkland Lake Gold with a team that included James Guttman, Kendall Fisher, John Hollinrake, Jude Gee, Megan Baker, Matthew Olson, Nicholas Arruda, Marianne O’Bara.

Clayton Utz acted as Australian US counsel for Kirkland Lake Gold with a team that included Elizabeth Humphry, Tyson Ginn, Brett Cohen, Armin Fazely, Luke Crofts, Cameron Forbes, Peter Feros.

Davies Ward Philips & Vineberg LLP acted as external counsel for Agnico Eagle Mines Limited with a team that included Patricia L. Olasker, Jennifer Longhurst, Marc Pontone, Joseph DiPonio, Ghaith Sibai, Mathieu Taschereau, Julie Colden, John D. Bodrug, Jim Dinning, Matthew Milne-Smith, Gabriella Lombardi, Nir Servatka.

Gilbert + Tobin acted as Australian counsel for Agnico Eagle Mines Limited with a team that included Liya Wu, Deborah Johns and Wes Bainbridge.